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Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a
Economic Applications
Elementary Theory of Demand
Question
Updated
19 Aug 2026
Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a price of ₹50 per litre of milk' is demand statement. Reason (R): The demand for a commodity is always expressed with references to price and time.
A
Choose Your Answer
A
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C
Assertion (A) is true but Reason (R) is false.
D
Assertion (A) is false but Reason (R) is true.
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